Bitcoin Dips Below $19K, Hitting Lowest Point in Two Months
BTC price drop came after a 10-day stretch during which bitcoin traded right around the $20,000 mark. Source
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Argentine Startup Action Point Develops White Label Solution to Include Crypto in Traditional ATMs – Technology Bitcoin News
Action Point, an Argentine startup, has developed a white-label solution that allows banks to offer cryptocurrency services through their already existent ATM infrastructures. The company provides this service in partnership with Lirium AG, a crypto-as-a-service organization, and has already implemented the solution in over a dozen ATMs in the country. Argentine
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Ether Futures See Unusually High Liquidations as Funding Rates Point to Bearish Sentiment
According to Coinglass data, liquidations on bitcoin futures hovered at $54 million over the same period, with other major cryptocurrencies, such as solana (SOL) and avalanche (AVAX), seeing just over $3 million. Bitcoin (BTC) futures usually have the highest liquidations in the futures markets owing to their popularity and liquidity. Original
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Hawkish Fed comments and Bitcoin derivatives data point to further BTC downside
A $750 pump on Aug. 26 took Bitcoin (BTC) from $21,120 to $21,870 in less than two hours. However, the movement was completely erased after comments from U.S. Federal Reserve Chair Jerome Powell reiterated the bank’s commitment to contain inflation by tightening the economy. Following Powell’s speech, BTC price dropped
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Ethereum Indicators Suggest ETH at Potentially Significant Turning Point
Ethereum is slowly moving lower below $1,900 against the US Dollar. ETH must stay above $1,850 to avoid more losses in the near term. Ethereum started a downside correction below the $1,920 level. The price is now trading below $1,920 and the 100 hourly simple moving average. There is a key declining channel
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Biggest Movers: ATOM Climbs to Highest Point Since May, While SOL Rises by Over 10% – Market Updates Bitcoin News
Cosmos rose to its highest point since May earlier in today’s session, as crypto markets surged on Thursday. The global market cap is trading over 6.27% higher as of writing, with bullish sentiment sweeping through. Solana was trading over 10% higher in today’s session . Cosmos (ATOM) Cosmos (ATOM) was trading higher
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Market Wrap: Bitcoin Reverses Course, Pushes Higher, $21K Is ‘Point of Control’
The crypto rose despite some turmoil in the industry. Original Source
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Will The Bitcoin Short-Term Holder Breakeven Point Act As Resistance Again?
On-chain data shows the Bitcoin short-term holder SOPR is approaching the “breakeven” value, a point that has acted as resistance for the crypto’s price in the past. Bitcoin Short-Term Holder SOPR Surges Up And Approaches A Value Of “1” As pointed out by an analyst in a CryptoQuant post, the selling pressure
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BNB, Solana Lead Gains in Majors; Traders Point to Dollar Strength for Further Upside
Not everyone is convinced of the upside, however. “Until the economy breaks either up or down not much is going to happen,” opined Chris Terry, vice president at crypto lending platform SmartFi. “We anticipate that bitcoin will continue to trade in this tight range of $20,000 plus or minus 10-15%.” Source
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Bitcoin Makes Surprise Climb As Fed Discloses 0.75 Point Rate Bump
Bitcoin and the rest of the crypto market have been in a festive mood in response to the U.S. Federal Reserve’s interest rate hike, sending both Bitcoin and Ethereum climbing in prices. The Fed’s announcement has sent Bitcoin’s price up by 5%. As of this writing, Bitcoin is trading at $22,837,
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